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Dec 21, 2012
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and then we had sandy in the new york, new jersey, long island. but i think there's somewhat of a shorter term duration. people are interested in their homes, they want to furnish. in our case it's not something that if they delayed, they don't come back. it's a question of getting back. >> well, i think that -- i was surprised your stock sold off. i think it is because of the confidence issue. it's certainly not because of how you're doing. the retail looks good, the stores look good, merchandise looks good, you're doing a lot of things right. >> jim, another major advantage that we have is our service. we have now 1,200 interior designers that work for the company retail division, plus we have designers who work for licensees providing personal service of interior designers, white glove service to our consumers free, both complementary. it gives us a great competitive advantage because each interior designer is like an entrepreneur. in the last three years we've added 600. so we are positioned well. >> you're in very good shape. thank you also f
and then we had sandy in the new york, new jersey, long island. but i think there's somewhat of a shorter term duration. people are interested in their homes, they want to furnish. in our case it's not something that if they delayed, they don't come back. it's a question of getting back. >> well, i think that -- i was surprised your stock sold off. i think it is because of the confidence issue. it's certainly not because of how you're doing. the retail looks good, the stores look good,...
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Dec 11, 2012
12/12
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joining us now in studio, we welcome distinguished house members carolina maloney of new york and larry kudlow's house member in manhattan. and the republican from arizona. as always, welcome to both of you. dave, let me ask you this. i'm hearing a lot of this that there is a strategic retreat by the republican party. 57b and that they are not either in the house or senate going to block the middle class stax tax cuts which proliferate in terms of the bill. is that true, sir? >> i haven't been invited into the strategic retreat caucus. look. i hear more on the news than i ever actually come across in reality in d.c. so far, i do not see a willingness, particularly on the conservative side of the caucus, to give away our principles. >> i heard rand paul thursday night on this show. he sent a message to majority leader reed that he, rand paul, was a tea party caucus guy, free market guy, will not filibuster. he wants to get through it. he's going to vote against tax cuts but will not filibuster. there are a coup ohlele dozen house members, as you know, who signed the bipartisan letter say
joining us now in studio, we welcome distinguished house members carolina maloney of new york and larry kudlow's house member in manhattan. and the republican from arizona. as always, welcome to both of you. dave, let me ask you this. i'm hearing a lot of this that there is a strategic retreat by the republican party. 57b and that they are not either in the house or senate going to block the middle class stax tax cuts which proliferate in terms of the bill. is that true, sir? >> i haven't...
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Dec 18, 2012
12/12
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we're live at the new york markets. ♪ >> what is that song? that's horrible. >> l.l. cool jay. >> what? >> ll cool j. what's your problem? >> listen to him, like it's his job. >> the stock is up 100% to date and not everyone believes in this rebound. karen, who is bullish and ge, who is bearish. karin, state your case. >> there is a lot to love about bank of america. proving real estate market, that will help him. consumer spending will improve. much improvement in the credit portfolio, rising interest rates will be good. i think we will see that and you will have declining litigation and other expensives. still trading at a significant amount to book and the only thing i don't like about it is that the stock has been up a lot recently. other than that, i still own it, not looking to trade around it. think is there room to run at bank of america. >> she makingses a cogent argum. there are a couple things in the short term. housing data that could be a bit of bogey. what about the delinquent loans on the books, if they turn into foreclosure, i think they will, i don't
we're live at the new york markets. ♪ >> what is that song? that's horrible. >> l.l. cool jay. >> what? >> ll cool j. what's your problem? >> listen to him, like it's his job. >> the stock is up 100% to date and not everyone believes in this rebound. karen, who is bullish and ge, who is bearish. karin, state your case. >> there is a lot to love about bank of america. proving real estate market, that will help him. consumer spending will improve. much...
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Dec 18, 2012
12/12
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i'm maria bartiromo on the floor of the new york stock exchange. markets closing higher on optimism that lawmakers may be close to a deal on the fiscal cliff. wall street, triple-digit gain, up 120 point on the industrial average. banks in the lead, 13,353. last trade in the dow jones industrial average on volume which was modest. nasdaq composite up and 3053 and the s&p 500 picks up 16 points, better than 1% on the standard & poor's at 1446. markets continuing higher at the close. are there more gains ahead? we bring in right now liz ann sanders from charles schwab and alan gael and eric steuben from russell investment, darryl pearl from epoch investments standing by who will give us a reaction to the oracle earnings once those numbers cross the wires. they should be coming out momentarily. here's the number to look for, 61 cents a share on earnings is what we're expecting on revenue of 9.02 billion. as soon as we get the numbers we'll see how oracle is doing. liz ann sanders, deal or no deal? what's your take on all of this? >> we'll have a deal.
i'm maria bartiromo on the floor of the new york stock exchange. markets closing higher on optimism that lawmakers may be close to a deal on the fiscal cliff. wall street, triple-digit gain, up 120 point on the industrial average. banks in the lead, 13,353. last trade in the dow jones industrial average on volume which was modest. nasdaq composite up and 3053 and the s&p 500 picks up 16 points, better than 1% on the standard & poor's at 1446. markets continuing higher at the close. are...
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Dec 19, 2012
12/12
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i'm maria bartiromo on the floor of the new york stock exchange. today fading optimism about a deal to avoid the fiscal cliff weighed on stocks. here's how we're finishing on wall street close to the lows of the day with a decline of the dow jones industrial average of 98 points at 13,252. once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our own rick santelli and joe greco from meridian equity partners finishing up his trades and will join us momentarily. good to see everybody. michael, let me kick it off with you. i know it's really hard to navigate every day because every day there's a new expectation in the market, but it felt like today was about th
i'm maria bartiromo on the floor of the new york stock exchange. today fading optimism about a deal to avoid the fiscal cliff weighed on stocks. here's how we're finishing on wall street close to the lows of the day with a decline of the dow jones industrial average of 98 points at 13,252. once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues....
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Dec 27, 2012
12/12
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dumping more snow in western new york. and by that time, new york city, you might see a few flurries. the worst of it is gone for you except the wind but now northern new england, parts of it, maine corks see a foot plus the snow coming through there. all of this, rain, the wind and snow, that will impact travel. as we head lou tonight some of the worst airports this evening will be around d.c. and as well as philadelphia and new york, numerous delays. hundreds of cancelations of pilots and usually -- about a would-hour delay is average around the new york city airports tonight. and even with the snow back on towards the west. now tomorrow, new york city is -- improving throughout the afternoon but morning pilots cog still be delayed and big-time delays continue there in boston and again, things will improve as we head towards friday and then we wait for a next storm coming out of the west now to bring rain and snow to the northeast. >> all right. thank you, paul. paul goodloe from the weather channel. now a series of heal
dumping more snow in western new york. and by that time, new york city, you might see a few flurries. the worst of it is gone for you except the wind but now northern new england, parts of it, maine corks see a foot plus the snow coming through there. all of this, rain, the wind and snow, that will impact travel. as we head lou tonight some of the worst airports this evening will be around d.c. and as well as philadelphia and new york, numerous delays. hundreds of cancelations of pilots and...
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Dec 20, 2012
12/12
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and the new york stock exchange. it's good for almost every party, except for the c me, so i think the cme really has to make a move here. >> mike, let me steer your attention to the market at large. what are you doing today? what do you make of what's happening given we only have a handful of days left before the end of the year, and we're watching washington as we always do? >> yeah. i think -- i think the market had melt a lot better. you know, the market held in pretty well, and the last couple of days i think the acid test, the market has been more subdued around all this political maneuvering. i don't know what you can do. i think you have to hold your breath and wait and hope they are not serious about letting us go over the cliff. you know, bernanke has worked so hard, and you're finally seeing some recovery in the housing market. the best numbers on an annualized basis since november of '09, right, and basically, you know, this gets kind of tossed, and, you know, you have kind of this infliction point with s
and the new york stock exchange. it's good for almost every party, except for the c me, so i think the cme really has to make a move here. >> mike, let me steer your attention to the market at large. what are you doing today? what do you make of what's happening given we only have a handful of days left before the end of the year, and we're watching washington as we always do? >> yeah. i think -- i think the market had melt a lot better. you know, the market held in pretty well, and...
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Dec 11, 2012
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. >> i'm going to new york and marc. >> caller: i just know what i should do with mellonox. >> i want to sell the stock. let's go to lewis in florida. >> caller: jim, boo-yah. i'm interested in northern tier energy. nti. >> i don't trust that yield. i don't trust that yield. let's do more work, the yield is gigantic. i think it will end up being a red flag, it's a challenge flag and i think it's going to be a good challenge. let's go to tom in wisconsin. tom? >> caller: hey, jim, i'm calling from a nursing home. i want to ask you about a company rbc, regal bowling corporation. >> listen to me, partner, first of all thank you for calling in. that is a great industrial company, it's done nothing for a long time. i want you to stick with it. it's got a good yield, it's a really well run company, i have liked it for 35 years. stay with that one. let's go to jason in virginia. >> caller: i need some help, the stock emed, they reported last month double digit profit, double digit earnings, i'm down 34%. do i add more here? >> we have to do more work on that, we cannot tell you get in and ju
. >> i'm going to new york and marc. >> caller: i just know what i should do with mellonox. >> i want to sell the stock. let's go to lewis in florida. >> caller: jim, boo-yah. i'm interested in northern tier energy. nti. >> i don't trust that yield. i don't trust that yield. let's do more work, the yield is gigantic. i think it will end up being a red flag, it's a challenge flag and i think it's going to be a good challenge. let's go to tom in wisconsin. tom?...
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Dec 25, 2012
12/12
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>> it was 1954 when ruth alpern met bernie madoff in queens, new york. >> i just saw him, and i was sort of swept away, i think. >> she married him at age 18. they had two sons: mark, then andrew. bernie was building up his money management business. a typical middle-class family living on long island. >> we were both solid parents and valued our family and so proud of our boys. it was a dream, really. >> exactly when bernie madoff went wrong is unclear. but as his reputation for delivering steady profits grew, the madoffs began living the good life. a penthouse in manhattan, homes in palm beach and the south of france, and yachts in both places. >> he was a big figure in the industry. he was the chairman of nasdaq. he was constantly being honored as "man of the year" of this organization and that. and that--that had an effect on me. >> both sons went to work as traders for their father's firm in the late '80s, a time authorities believe madoff's ponzi scheme was well under way. why would your father want to taint his sons by bringing into a situation that could, well, spell disaster? >>
>> it was 1954 when ruth alpern met bernie madoff in queens, new york. >> i just saw him, and i was sort of swept away, i think. >> she married him at age 18. they had two sons: mark, then andrew. bernie was building up his money management business. a typical middle-class family living on long island. >> we were both solid parents and valued our family and so proud of our boys. it was a dream, really. >> exactly when bernie madoff went wrong is unclear. but as his...
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Dec 17, 2012
12/12
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out of all the boats registered in new york, something like 6.8% were damaged in new jersey, the figure was over 15%. so you have this big group of boat owners with insurance checks in hand which suggests to me we're about to see a big surge in boat buying. and that means the stock to own is brunswick corp. bc. the number one maker of boats on earth. now, you might think this would be a bad time to buy brunswick, given that this company makes some of the most discretionary items imaginable. basically a toymaker for the rich. and taxes on the rich are about to rise in a big way. even if we get a fiscal cliff deal. it will almost certainly include higher rates for the top 2% because the bobama refuses to b from that position. if the wealthy are going to get hit with a major tax hike, does it really make sense to own the stock of a company that owns motor yachts? not only that, but brunswick also makes billiard tables, fancy fitness machines and bowling equipment. bowling may be more of an every-man activity. i've got my own ball and shoes, yet three quarters of its sales include its marin
out of all the boats registered in new york, something like 6.8% were damaged in new jersey, the figure was over 15%. so you have this big group of boat owners with insurance checks in hand which suggests to me we're about to see a big surge in boat buying. and that means the stock to own is brunswick corp. bc. the number one maker of boats on earth. now, you might think this would be a bad time to buy brunswick, given that this company makes some of the most discretionary items imaginable....
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Dec 19, 2012
12/12
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. >> will we see these things in new york? >> you may see them in new york, but the best example we talked about last time was the pub, the pub idea. >> yes. >> we had that and started out in one and now have 55. turns out people enjoy getting together and gathering and relaxing after work. >> okay. now, you also did a study most recently a lot of -- a couple guys joked. ask him about whole paycheck and a lot of what i buy at whole foods is now cheaper than local merchants. >> right. we've talked about this. work really hard on our competitiveness. quality and value, quality and value, it's always a dance. i think we are fundamentally more competitive. and i'm looking you in the eye and saying, hey, we are going to be competitive unlike product because we're going to continue to grow the company. >> you have been doing terrific work rolling out private label. >> right. >> is there a balance? some people want to see those branded in the store, don't want all private label. other people, some of the branded companies, they can't
. >> will we see these things in new york? >> you may see them in new york, but the best example we talked about last time was the pub, the pub idea. >> yes. >> we had that and started out in one and now have 55. turns out people enjoy getting together and gathering and relaxing after work. >> okay. now, you also did a study most recently a lot of -- a couple guys joked. ask him about whole paycheck and a lot of what i buy at whole foods is now cheaper than local...
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Dec 26, 2012
12/12
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a look at the radar to show you the rape/snow line lies right across new york city. that will be lifting northward over the next several hours. folks, you'll turn into rain, philly, trent op, d.c., already rain. future radar shows mostly rain right along the i-95. do far inland to produce along the coast. interior vermont, western maine, likely over a foot of snow and boston likely all rain again winding down all in all later on tomorrow evening but the snow continues to linger on late tomorrow across parts of northern maine. here's the fall forecast, over a foot of snow and the ski resorts will be doing great. the coastal cities, again, largely rain and travel delays will be impacted significantly where we have new york, philly and d.c. >> sounds like retailers can't catch a brick right now. superstorm system and now the storm is barreling its way across the country and with holiday pale at their weakest, heard that this morning, do retailers, can they make up for last yund. >> thank you. have, why don't you go first. what impact is it going to have? >> you have dec
a look at the radar to show you the rape/snow line lies right across new york city. that will be lifting northward over the next several hours. folks, you'll turn into rain, philly, trent op, d.c., already rain. future radar shows mostly rain right along the i-95. do far inland to produce along the coast. interior vermont, western maine, likely over a foot of snow and boston likely all rain again winding down all in all later on tomorrow evening but the snow continues to linger on late tomorrow...
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Dec 18, 2012
12/12
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they are going to be going to school in monroe, new york. they are donating those gift cards so administrators can use those to restock that school with supplies because it's not being used right now. nice thing for target to do. >>> let's take a look at the markets right now. dow jones industrial average
they are going to be going to school in monroe, new york. they are donating those gift cards so administrators can use those to restock that school with supplies because it's not being used right now. nice thing for target to do. >>> let's take a look at the markets right now. dow jones industrial average
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Dec 4, 2012
12/12
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let's go to glenn in new york. glenn? >> caller: ski daddy, my stock is apple. >> i think you're fine with apple. i think there's a fantastic piece in the "washington post" yesterday, i urge you to get it in the business sector. talks about the five myths of apple and why the stock could go higher and i agree. let's go to ellis in new york, ellis? >> caller: wondering your thoughts on pharma, atrs. >> this thing has doubled. it's a needle stock. we have not had good luck recommending needle stocks. i'm not going to go for it. joey in colorado, joey? >> caller: hello. booyah jim cramer. how about lynn energy, buy, sell or hold? >> linn energy is terrific. let's go to jude in my home state of new jersey. >> caller: how are you? >> okay. >> caller: what do you think of american eagle outfitters? >> take the money and run. you got a good one and now you can go. that's a hard business, that apparel business. i need to go to mary in new york. >> caller: i'm wondering about knight capital. >> i think limited upside. i think that
let's go to glenn in new york. glenn? >> caller: ski daddy, my stock is apple. >> i think you're fine with apple. i think there's a fantastic piece in the "washington post" yesterday, i urge you to get it in the business sector. talks about the five myths of apple and why the stock could go higher and i agree. let's go to ellis in new york, ellis? >> caller: wondering your thoughts on pharma, atrs. >> this thing has doubled. it's a needle stock. we have not had...
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Dec 15, 2012
12/12
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you remember that disco is few years ago in new york where the guy was thrown out. he went and got gasoline and matches and managed to kill all those people without even entering the place. all these solutions make sense. but you can never fully defend yourself against a madman. >> do we know where the mother was killed, at the home in newtown or at the school? >> no. someone was killed at that home. there are two crime scenes in newtown. the first thing i saw when i put on the television, a woman saying, i can't believe it happened here. again, it's mental illness. i would imagine there's more guns in the inner city than in newtown. it's not a case of that. we have to somehow have a way of finding these people, identifying these people and preventing this. >> and yet as we all know we don't want to -- there is a very high incidence of mental illness, very small incidence relative fo tto the amount of ml illness of these kinds of hideous events. how do we not stigmatize people who will never, ever commit or come close to committing a crime like that? these really ar
you remember that disco is few years ago in new york where the guy was thrown out. he went and got gasoline and matches and managed to kill all those people without even entering the place. all these solutions make sense. but you can never fully defend yourself against a madman. >> do we know where the mother was killed, at the home in newtown or at the school? >> no. someone was killed at that home. there are two crime scenes in newtown. the first thing i saw when i put on the...
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Dec 15, 2012
12/12
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let's go to robin in new york. robin. >> caller: hey, jim. a foxy and festive boo-yah from new york. >> sweet. >> caller: i'm known as the natural queen. and i'm calling about -- it's near its high. it has competition from larger companies for export licenses. where do you stand on -- >> i think you should ring the register. i'd rather have you in cheniere energy partners, cqp, which does give you a yield, and take the nice gain. it's a terrific job you that brought that cheniere when you should. i like cheniere energy partners lp right now. let's go to kieran in florida right now. kieran. >> caller: kieran in florida. my tom is con ed. i've been buying if for the live five years. is it time tyke profit or -- >> no, con ed's fine. i'm telling people to buy it. it's like a pro fiscal cliff stock. john. >> caller: john k. in florida. jim, i'd like to say merry christmas to you and yours. >> thank you. same to you. >> caller: my stock is fortress investor group. f.i.g. >> i prefer kkr financial. and i also prefer blackstone. i think they're bett
let's go to robin in new york. robin. >> caller: hey, jim. a foxy and festive boo-yah from new york. >> sweet. >> caller: i'm known as the natural queen. and i'm calling about -- it's near its high. it has competition from larger companies for export licenses. where do you stand on -- >> i think you should ring the register. i'd rather have you in cheniere energy partners, cqp, which does give you a yield, and take the nice gain. it's a terrific job you that brought that...
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Dec 27, 2012
12/12
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i see the major cities, san francisco, los angeles, philadelphia, new york, rentals are getting much more expensive so you'll see people getting two bedrooms and sharing it with somebody instead of getting a one bedroom by themselves, that's a difference and still have the people living at home but the first-time buyers are still having problems. still tough to get a mortgage, and it's going to stay that way. >> and we might also lose the deduction. what are clients saying to you guys about the potential loss or cut of the mortgage interest deduction. >> that would be stupid. >> i'm sorry, go ahead. >> hasiam? >> yeah, that seems to be very unlikely given the broad nature of that tax credit for the u.s. population. but i think to your point about the rental market, what's interesting about this recovery is that you have lifestyle choices being made. people wanting to rent, wanting to be near work and urban areas versus what we've seen in the past and that reduces the speculative buying on the foresale side of the equation which i think is actually very favorable for the long-term pro
i see the major cities, san francisco, los angeles, philadelphia, new york, rentals are getting much more expensive so you'll see people getting two bedrooms and sharing it with somebody instead of getting a one bedroom by themselves, that's a difference and still have the people living at home but the first-time buyers are still having problems. still tough to get a mortgage, and it's going to stay that way. >> and we might also lose the deduction. what are clients saying to you guys...
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Dec 12, 2012
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but for some of the ski areas, new york state up into new england, sunday, this could be a good-looking forecast. maybe some snow here. looks like rain down the city toward washington, d.c. too warm for snow out of this one. stay tuned. next wednesday, guys, could be talking about a nor'easter, it's been a while since we've seen one of those. >> oh, no. >> just want snow. it's not -- correct me if i'm wrong because i've been wrong, it's not winter yet, is it? i'm afraid to say how many days it is because i'll mess up the math. it's not winter yet. we -- >> it's technical. in weather world, winter starts on december 1. >> wally world? >> meteorological winter. weather world. not clark griswald. >> december 1? it is winter. >> according to the sun the start of winter is december 21. also the end of the world. maybe we won't see weather. >> that's right. that's right. it is. you know, the -- the vatican says the world is not -- i'm going to go with the vatican on this. >> as opposed to the mayans. >> yeah. >> pagans versus -- >> yeah. >> i think that's fair. i expect being here on the 22nd
but for some of the ski areas, new york state up into new england, sunday, this could be a good-looking forecast. maybe some snow here. looks like rain down the city toward washington, d.c. too warm for snow out of this one. stay tuned. next wednesday, guys, could be talking about a nor'easter, it's been a while since we've seen one of those. >> oh, no. >> just want snow. it's not -- correct me if i'm wrong because i've been wrong, it's not winter yet, is it? i'm afraid to say how...
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Dec 26, 2012
12/12
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i'm down here at the new york stock exchange. bob pisani is down here at the new york stock exchange. we have rick santelli in chicago. bob, you have been trying all day to figure out a retail dilemma. have you figured it out yet? >> i think i have. it's been bugging me all day. we have mastercard saying retail sales up 0.7% for the holiday season. the national retail federation comes out and says their survey indicates it will be up 4.1%. i know it's different surveys but that's a big, big difference. it didn't make sense to me. i asked mastercard how exactly they're computing this survey and what they include and what they exclude. i think you ought to know these facts the company provided to me. number one, their mastercard survey includes the week of hurricane sandy which was the last week of october. some of these companies don't. secondly, the survey excludes nonholiday related categories, excludes food, excludes gas, excludes building materials. well, that's a very important piece of information. that may make up for the d
i'm down here at the new york stock exchange. bob pisani is down here at the new york stock exchange. we have rick santelli in chicago. bob, you have been trying all day to figure out a retail dilemma. have you figured it out yet? >> i think i have. it's been bugging me all day. we have mastercard saying retail sales up 0.7% for the holiday season. the national retail federation comes out and says their survey indicates it will be up 4.1%. i know it's different surveys but that's a big,...
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Dec 17, 2012
12/12
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the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we still don't know exactly what is coming there yet. couple things. for the quarter report willing tomorrow, revenues are about half. if they meet expectations, or if they meet a little, they are expecting an eps loss of 35%. second of all, expectations for next quarter are bet are than that and we still don't have blackberry 10 yet. you have to be a little bit bullish to understand there is more product for something already a bit outdated and still do a little better on margins pf given that people will anticipate blackberry 10. >> and i know you have a theory out there. i won't steal your thunder though. i will
the end of january, here in new york city. stock, look at the recent run, by the way. up more than 50% in about 30 trading days. led us to ask the question, is everything fine? >> that's a u shaped recovery. look that. a perfect u. >> it spp what do you say, john? is research in motion back, baby? >> no, not yet. >> i tried. >> i know. it doesn't take much to make me salivate today because all i've had to eat is a protein bar. blackberry 10 is exciting. but we...
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Dec 14, 2012
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let's go to jim in new york. going to myself. >> caller: a wonder bread hostess twinkies booyah! what do you think will happen with hostess brands? will it go private or will flowers food would be a good fit? >> i don't think flo will buy them. you get a lot of labor issues and i remember flowers down there in thomasville, georgia, they don't really get into the labor issues. this outfit is more than a fashion statement. when you see me around town, you know this is how i look. i think the turnaround story at gap is alive and well. consider its pullback a chance not to pull on a full position. want 100 shares? buy 50 and wait for the latest disappointment from washington. stick around. lightning round is next. >>> it is time. time for the lightning round. and we'll take calls, and buy, buy, buy, sell, sell, sell. my staff will play this sound and the lightning round is over. are you ready, skedaddy? let's start with marshall in massachusetts. marshall. >> caller: hey, jim. i know you like cloud companies. i was taking a look at enc. trading about two times book value as a forward
let's go to jim in new york. going to myself. >> caller: a wonder bread hostess twinkies booyah! what do you think will happen with hostess brands? will it go private or will flowers food would be a good fit? >> i don't think flo will buy them. you get a lot of labor issues and i remember flowers down there in thomasville, georgia, they don't really get into the labor issues. this outfit is more than a fashion statement. when you see me around town, you know this is how i look. i...
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Dec 17, 2012
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york. you're talking about 53% plus another 3.8% with the obama care medicare surtax. >> so 53 -- 57% of the wealthiest out there -- 57% of their income is going to the government. then ron, you also agree even with that the habits are unlikely to change. >> well, that all depends. someone making a million dollars, $100,000 from dividend, 85 from capital gains. under the 250 rule, they're seeing their taxes go up $70,000 or so. under the million dollar proposal by boehner, that's a $30,000 increase. $30,000 is not that much. but it is after tax money. 70,000 is another number. i think it will affect them somewhat. i'm more worried about their future of what they'll not be saving. even the wealthy have to worry about the future. >> so how does it impact spending and give us the ripple effects of these higher tax rates and how that ripples down. >> you're talking about $6,000 a month out of their pocket. that's $6,000 is often today going to their kids, going to gifting, and going into the ma
york. you're talking about 53% plus another 3.8% with the obama care medicare surtax. >> so 53 -- 57% of the wealthiest out there -- 57% of their income is going to the government. then ron, you also agree even with that the habits are unlikely to change. >> well, that all depends. someone making a million dollars, $100,000 from dividend, 85 from capital gains. under the 250 rule, they're seeing their taxes go up $70,000 or so. under the million dollar proposal by boehner, that's a...
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Dec 17, 2012
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live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. first, cliff dwellers. is the mortgage deduction in play? we're handicapping the fallout that could hit the housing stocks. and some of the financials have doubled this year. should you bet that the rally will continue? plus, apple of their eye. the traders pick five stocks that are better bets than apple right now. but first, let's get to our top story. the dow jumping 100 points. so, we ask, were you a buyer or a seller today? pete, what do you say? >> i was a buying. and it was because of the fact, over the last week or so, we've seen nothing but upside buying in the banking stocks, ever sense december 5th broke above that 50-day moving average. last day, week, 475,000 calls at 200,000 puts. it's telling me right now, financials are going higher. we alaskaic active aactivity at stanley, goldman sachs. >> you believe the whole market will be pushed higher because of that move? >> absolutely. i think it's the financials lifting us. >> tim? >> at t
live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. first, cliff dwellers. is the mortgage deduction in play? we're handicapping the fallout that could hit the housing stocks. and some of the financials have doubled this year. should you bet that the rally will continue? plus, apple of their eye. the traders pick five stocks that are better bets than apple right now. but first, let's get to our top story. the dow jumping 100...
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Dec 26, 2012
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we saw them in new york and guess what? we saw them in london and behind the velvet ropes inside sued the stores there were very few people lined up buying items so i would watch out for abercrombie and certainly with the bigger box space, you know, you'll see mixed signals. everybody is under pressure. target might do a little bit better because they have had an interesting collaboration project with neiman so i think there's weakness across the board but targetsed macy's will outperform the group. >> you like limited brand? >> one of the most consistent retailers out there. i personally own the stock and they have a history of special dividends. a player with always newness in the store and started their international flagship in london. it's doing phenomenally well so an international piece of the puzzle is just starting. >> laura, online, i heard some big numbers percentage-wise gains year over year on how online buying was going. is that good or bad for the retailers overall right now? >> the vast majority of the retai
we saw them in new york and guess what? we saw them in london and behind the velvet ropes inside sued the stores there were very few people lined up buying items so i would watch out for abercrombie and certainly with the bigger box space, you know, you'll see mixed signals. everybody is under pressure. target might do a little bit better because they have had an interesting collaboration project with neiman so i think there's weakness across the board but targetsed macy's will outperform the...
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Dec 28, 2012
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>> right now i'm in new york right now. i'm in new york. >> jimmy, where are you? >> i'm in washington, d.c. >> we may need you on monday. because that's -- you know that's the 31st? that's the day before we go over. did you guys realize that? you guys can work a calendar, right? >> it's my mother's birthday. it's the fiscal cliff every year, believe me. >> it is, oh, yeah. all right. happy birthday. she a mrs. williams? >> she used to be. she's mrs. bond. so happy birthday. >> all right, gentlemen. you know, you solved nothing, neither one of you. but thank you for coming on. we appreciate it. >> thanks, guys. >> happy new year. >> coming up, gold prices coming under a lot of pressure in the final trading sessions 2012. but will the yellow metal once again become a precious investment, a priceless call when we return? >> comments, questions? send them to @squawkcnbc on twitter. follow the show and look for updates from andrew, becky, joe and the "squawk" staff. "squawk box" on cnbc, and on twitter. ee, geico's customer satisfaction is at 97%. mmmm tasty. and cut!
>> right now i'm in new york right now. i'm in new york. >> jimmy, where are you? >> i'm in washington, d.c. >> we may need you on monday. because that's -- you know that's the 31st? that's the day before we go over. did you guys realize that? you guys can work a calendar, right? >> it's my mother's birthday. it's the fiscal cliff every year, believe me. >> it is, oh, yeah. all right. happy birthday. she a mrs. williams? >> she used to be. she's mrs....
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Dec 26, 2012
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. >>> a note was left by the suspected shooter that killed two firefighters christmas eve in new york. here's nbc's ron mott with more details. >> reporter: police say the christmas eve ambush of four volunteer firefighters attacked as they arrived to battle a fire in new york. >> was a rage be interno out there. >> reporter: it was spell out in chilling details. >> quotes, i still have to get ready to see how much of the neighborhood i can burn down, and doing what i like doing best, killing people. >> reporter: authorities say 62-year-old william spengler who spent time for killing his grandmother more than 30 years ago, shot at firefighters. the. >> we're being shot at. multiple firemen down. i am shot. i think he used an assault rifle. >> killing people. >> reporter: officials say the gunman was well fortified. .38 handgun. .12-gauge shotgun and the bushmaster rifle. firefighters, tomasz kaczowka and mike chiapperini were killed. human remains were found in spengler's abandoned house. >> it's the question and we'll know know what was going through his mind. >> reporter: police are
. >>> a note was left by the suspected shooter that killed two firefighters christmas eve in new york. here's nbc's ron mott with more details. >> reporter: police say the christmas eve ambush of four volunteer firefighters attacked as they arrived to battle a fire in new york. >> was a rage be interno out there. >> reporter: it was spell out in chilling details. >> quotes, i still have to get ready to see how much of the neighborhood i can burn down, and doing...
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Dec 21, 2012
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you know, it's a cold and drizzly day here in new york city. but still nice to be alive. >> you got this e-diets logo behind you at the nasdaq and you're going on a big diet from what i understand. >> yeah. you know, part of my new year's resolution is to become more healthy. so e-diets has kind of reached out to me, in hopes of a partnership and we've been able to forge very formally and quickly and officially, as, you know, as we speak, and so i'm here representing both of those brands. and a newly formed union. >> so what's the goal? how much are we going to lose? >> i think i could, if i'm effective enough i could lose about 50 pounds. that's what i'd like to do. >> now e-diets bring you food to your home? how does it work? >> you have to understand. like there's a misconception. being overweight is often associated with overeating. but sometimes, you know, it can come from not eating enough. so that's why you need to eat the proper portion throughout the day. so you have to schedule your eating the same day you schedule itinerary and how y
you know, it's a cold and drizzly day here in new york city. but still nice to be alive. >> you got this e-diets logo behind you at the nasdaq and you're going on a big diet from what i understand. >> yeah. you know, part of my new year's resolution is to become more healthy. so e-diets has kind of reached out to me, in hopes of a partnership and we've been able to forge very formally and quickly and officially, as, you know, as we speak, and so i'm here representing both of those...
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Dec 22, 2012
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he ended his last speech at the economic club of new york, i believe, by saying if we could just get past what is ultimately a stupid debate. >> right. >> there's some momentum here. and quite frankly for a lot of us in the market, we'd like to move past this. >> do you expect, however, while we fight for this fiscal cliff baloney, do you expect the market selloff? >> sure. >> today notwithstanding, but it finished well off the lows today. >> as jackie talked about, it's up for the week. for the month. i think there's still a modest positive gain. what's interesting in this debate is the two previous times we've increased capital gains, nixon in 1970 and reagan, of course, with the tax reform act of '86. the december preceding the adjustment, the stock market was down. december 1969, december 1986. i don't think people have believed they wouldn't get a deal. when we talked about we're going over the cliff after the election, i think we were the only ones in some level, at least prominence in the ability of coming on your show. we were the only ones saying that could happen. >> capita
he ended his last speech at the economic club of new york, i believe, by saying if we could just get past what is ultimately a stupid debate. >> right. >> there's some momentum here. and quite frankly for a lot of us in the market, we'd like to move past this. >> do you expect, however, while we fight for this fiscal cliff baloney, do you expect the market selloff? >> sure. >> today notwithstanding, but it finished well off the lows today. >> as jackie talked...
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Dec 28, 2012
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. -- pennsylvania, new york. there are federal dollars that pay for maintaining those highways. you can't have a million people pay for all those highways because it connects the entire country. you have forest service, 30% of the land is owned by the federal government. so there's a lot of federal dollars that come to montana. that's part of the system. >> what would be the economic impact, going back to what the farmer was telling us about the situation, if estate taxes go up 55%. we're going to see farmers cutting back on the size of their farms, some may even go out of business. what's the economic impact and how can you mitigate that, governor? >> the difficulty here is over the long-term. naturally, sometime during january if we go over the cliff which is more of a hill, these congressmen will come to their senses. they've gone completely crazy and apparently if you vote for something on december tlonl, then it's okay with grover nor quist and if it's after december 31st, it's something else. look, a pledge is one thing, but look right now we've been spending money on a cr
. -- pennsylvania, new york. there are federal dollars that pay for maintaining those highways. you can't have a million people pay for all those highways because it connects the entire country. you have forest service, 30% of the land is owned by the federal government. so there's a lot of federal dollars that come to montana. that's part of the system. >> what would be the economic impact, going back to what the farmer was telling us about the situation, if estate taxes go up 55%. we're...
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Dec 26, 2012
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. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. retail wreck. santa delivered coal for most today. should you be betting on a bounce back? the global race to print money is on. and we've got the best ways to play japan's easy money. and 2013 trades. top picks in an uncertain world also "fast money" goes fast forward into next year. first, to our top stories. five days to go until the fiscal cliff and the heat is turning up on both sides of the aisle. house speaker john boehner says the senate needs to act first. meantime, just about 40 minutes ago, tim geithner said the u.s. is simply running out of money. let's get the latest on this game of chicken from c nbc's chief political correspondent, john harwood. john? >> melissa, i want to bring you up to date on the fiscal cliff developments. first of all, as you mentioned, secretary geithner has informed the senate that the united states government will hit its debt ceiling on monday. that is december 31st. now, that doesn't mean that anything happ
. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. retail wreck. santa delivered coal for most today. should you be betting on a bounce back? the global race to print money is on. and we've got the best ways to play japan's easy money. and 2013 trades. top picks in an uncertain world also "fast money" goes fast forward into next year. first, to our top stories. five days to go until the fiscal cliff and...
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now, the new york and new jersey port is just one port that could be impacted by this. it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back about ten years ago. while a strike will cause major disruptions, there are alternatives for transporting goods, rail and also air are options, but of course those options are not cheap. >> back in november, our members started putting contingency plans into place. the options were either divert containers to west coast ports, bring merchandise in earlier, use canada or mexico, or use air freight. but all of those come at a s
now, the new york and new jersey port is just one port that could be impacted by this. it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the...
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Dec 20, 2012
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i do "the new york post." >> no, you -- >> you saw me looking at the cover of "the new york post" this morning. >> yeah, i did. >> for all the wrong reasons. >> leering at it. do you have a deal with ponch to continually look at -- >> to plug "the new york times" stories you're saying? >> yeah. >> no, i don't. but i thought it was a good story and it is a good paper. >> pinch? >> it's ponch. >> that's the guy on chips. okay, i'm sorry. >> all right, you know, i was looking at a story out of the "usa today" -- >> eric estrada. >> about how the military has all of this video, and the air force is now seeking some help to go through all this video and kind of get a better idea of what they actually have and they're reaching out to espn and other experts in video analysis. >> of what? >> a flood of video footage that's been coming through and they're reaching out to people -- >> from drones and stuff? >> from drones that are flying over. so they have tons and tons of footage but they need to have better ways to analyze all this footage. nobody can figure out what it is and how do you do an
i do "the new york post." >> no, you -- >> you saw me looking at the cover of "the new york post" this morning. >> yeah, i did. >> for all the wrong reasons. >> leering at it. do you have a deal with ponch to continually look at -- >> to plug "the new york times" stories you're saying? >> yeah. >> no, i don't. but i thought it was a good story and it is a good paper. >> pinch? >> it's ponch. >>...
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Dec 26, 2012
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new york is highly dependent on financial services. and financial services, despite the stock market, have not been doing as well as they might. and have seen a lot of slowness. and rumors of layoffs. so there are areas that are a bit weak. even with those, i think on a national basis housing continues to be very solid. >> would you anticipate, david, seeing any sort of impact in sort of a higher income areas, in states, california, the northeast, because of the fiscal cliff? do you think that's going to show up eventually in the data? >> actually, i think the bigger thing that's likely to show up, especially in the new york metro area, is really a question of what seasonal bonuses look like. traditional issue for new york city area has always been how good the bonuses are, if they're real good people go out and buy slightly bigger houses than they had expected to previously. i think that's a bigger item than the fiscal cliff. the long-term question about taxes is clearly the mortgage deduction. given they haven't even got to the headl
new york is highly dependent on financial services. and financial services, despite the stock market, have not been doing as well as they might. and have seen a lot of slowness. and rumors of layoffs. so there are areas that are a bit weak. even with those, i think on a national basis housing continues to be very solid. >> would you anticipate, david, seeing any sort of impact in sort of a higher income areas, in states, california, the northeast, because of the fiscal cliff? do you think...
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Dec 28, 2012
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mary thompson is here on the floor with us from the new york stock exchange. mary? >> reporter: no white smoke coming from the chimneys at the white house so investors are in a wait-and-see attitude. markets are on track for a weekly loss. for the s&p it would be its worst weekly loss for seven weeks in the dow and the nasdaq. their worst weekly performance in six weeks. let's take a look at the sectors which were trading all of them actually to the downside in a week where investors, again, waited every day for any news of progress on signs of a deal to avoid the fiscal cliff. the weakest per forming sectors, energy, utility and tech. the best performers on the downside were financials and material and the standards to the upside were gold stocks as we take a look at these stocks. gold seen as a safe haven so these stocks benefitted from that move from investors. so, again, that's what we are watching as we await what is going to be a losing week for all the major indices. back to you. >> unless something happens in the last half hour here, unless something happens
mary thompson is here on the floor with us from the new york stock exchange. mary? >> reporter: no white smoke coming from the chimneys at the white house so investors are in a wait-and-see attitude. markets are on track for a weekly loss. for the s&p it would be its worst weekly loss for seven weeks in the dow and the nasdaq. their worst weekly performance in six weeks. let's take a look at the sectors which were trading all of them actually to the downside in a week where investors,...
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Dec 20, 2012
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live from the nasdaq market site in new york city's times square, i'm melissa lee. rally in motion. we're hitting the after hours action in rimm as the shares surge. should you keep betting on blackberry 10. plus, which economy is the best bet in 2013? jpmorgan's chief economist has his top pick. and we're debating the big deal of the day with the bull and the bear case for the nyse ice. but let's check out where the traders stand before we hit tomorrow's session. so, steve, buyer or seller today? >> i think you have to lighten up on a lot of the positions you've had some profitts in. it's really prudent to start peeling off the winners, because we're still waiting on fiscal cliff, as everyone knows. i think the market is poised to sell the news event here. i don't know if we're going to have a news event to sell. >> right. just because you sell those winners doesn't mean that you can't still be in the trade, correct karen? a lot of people are receiving but re-entering the trade. >> this is a strategy you normally never do, realize, especially with long-term deals, realize those now
live from the nasdaq market site in new york city's times square, i'm melissa lee. rally in motion. we're hitting the after hours action in rimm as the shares surge. should you keep betting on blackberry 10. plus, which economy is the best bet in 2013? jpmorgan's chief economist has his top pick. and we're debating the big deal of the day with the bull and the bear case for the nyse ice. but let's check out where the traders stand before we hit tomorrow's session. so, steve, buyer or seller...
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Dec 27, 2012
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chicago 34 degrees snow heading towards boston, new york. mid-40s and statewide this is how it's going to look. isolated morning showers and if you have travel plans it's looking good. 30 in what tao. 37 in yosemite. partly cloudy, 31 degrees, high temperatures mostly into low to mid-50s. make sure you bundle up. it's going to be cold. after friday night into v >>> checking healthy living news, good news in the battle against childhood obesity. new dailta from cdc shows a slight drop in the number of preschooler who's qualify as obese or extremely obese. researchers credit it in more physical activity, plus higher rates of breast feeding that can lead to healthier weight in small children. >> a simple eye scan can help doctors detect the onset, possibly of multiple score yos sis. doctors tried to monitor ms with brain scans but researchers at johns hopkins found measuring thickness of the retina is an easy way to track the disease. ms tacks the protective layer around nerves. >> under consumer news if you got a new high definition television
chicago 34 degrees snow heading towards boston, new york. mid-40s and statewide this is how it's going to look. isolated morning showers and if you have travel plans it's looking good. 30 in what tao. 37 in yosemite. partly cloudy, 31 degrees, high temperatures mostly into low to mid-50s. make sure you bundle up. it's going to be cold. after friday night into v >>> checking healthy living news, good news in the battle against childhood obesity. new dailta from cdc shows a slight drop...
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Dec 29, 2012
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>> i see it going off to 200, and i think democrats especially from new jersey, new york, connecticut, that would be fine with them and it's just a matter of damage control. >> and will republicans have to pay in any way for something that has no spending cuts in it. >> ideally, a lot of these guys would like to wait until january so they can say we voted for a tax cut and the new status quo is where all of the taxes have gone up. i'm sure there will be primary challenges. >> what do you think? >> first of all, let me be clear. i think 50/50 at best for exactly the reason you cited. i can't imagine that reid and mcconnell are having a happy discussion right now, so there will be serious differences there. for example, if mcconnell insists on keeping the estate tax parameters where they are instead of going where the president is, that completely seals the deal and that's one piece. >> michelle, you've made that point throughout the show, and i partially agree with you, but i will tell you this. right now everybody in this town is focused on taxes and preventing 98% of households from
>> i see it going off to 200, and i think democrats especially from new jersey, new york, connecticut, that would be fine with them and it's just a matter of damage control. >> and will republicans have to pay in any way for something that has no spending cuts in it. >> ideally, a lot of these guys would like to wait until january so they can say we voted for a tax cut and the new status quo is where all of the taxes have gone up. i'm sure there will be primary challenges....
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Dec 1, 2012
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york and new jersey and california. so we have mountains of evidence that proves this. and my concern is look, if we raise these tax rates, we're putting the united states of america, this great great country of ours, at a more competitive disadvantage and it leads to outsourcing of jobs. we all want to see jobs brought back to the united states of america, not leaving our great country. >> let me respectfully disagree with my good friends larry and steve here. the fact of the matter is, our tax is a high tax state even though i did cut taxes. our unemployment rate never went much over 6.5%. it has been consistently much below the nation's unemployment rate the entire time. secondly, what you're seeing in wall street today is short-term behavior. bill clinton's tax rates, what we're going back to if we go down the fiscal slope, had no negative effect in the economy. in fact the economy was a whole lot better when bill clinton was president than it was under george bush or barack obama. so i think your case is good in th
york and new jersey and california. so we have mountains of evidence that proves this. and my concern is look, if we raise these tax rates, we're putting the united states of america, this great great country of ours, at a more competitive disadvantage and it leads to outsourcing of jobs. we all want to see jobs brought back to the united states of america, not leaving our great country. >> let me respectfully disagree with my good friends larry and steve here. the fact of the matter is,...
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Dec 20, 2012
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sharyn alfonsi, abc news, new york. >> and we just can't resist one more video tonight. this one, from seattle. since a lot of people are doing double takes at the jack and the bean stalk christmas tree, so big it burst through the roof of a house. or not. the homeowner is an architect. he chopped off the top of a tree, attached it to plywood, bolted the whole thing to his roof for a holly jolly joke for santa, when he lands on the roof next week. good night, everyone. >>> tonight, team coverage of another south bay gun scare, closing a freeway today after a government car was hit by gunfire. >> shots fire ntd bay vu. a neighborhood is rattled by bullets as residents cry out for answer autos an assault in ben gazy. an expert offers a perspective on the death of a bay area diplomat and security lapse in libya. >> plus, abc 7 news follows up with a crime crime vim who came out of a coma for thanksgiving. now home for christmas. >>> from sky 7 hd here is the bullet-riddled car of a south bay marine recruiter the apparent target of a shooting today on a busy south bay freewa
sharyn alfonsi, abc news, new york. >> and we just can't resist one more video tonight. this one, from seattle. since a lot of people are doing double takes at the jack and the bean stalk christmas tree, so big it burst through the roof of a house. or not. the homeowner is an architect. he chopped off the top of a tree, attached it to plywood, bolted the whole thing to his roof for a holly jolly joke for santa, when he lands on the roof next week. good night, everyone. >>>...
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Dec 24, 2012
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york and new jersey. are they new stores or old stores? >> the stores we visited the past weekend are the revamped stories. >> yes? >> yes, they are. the stores we visited this weekend are the revamped stores. >> that's a small percentage of the overall store base, crest? so to extrapolate this across jcpenney, it seems on the surface a big assumption. >> that's absolutely true. i was talking to our oppenheimer sales force this morning, talking to clients, that goes without saying. whenever we do store checks, i put the caveat in there, i'm only looking at a couple stores. you basically make the assumption other stores are doing something similar. that could be different. that's essentially how we do the channel checks in retail. >> brian, to the larger question of whether the success that jcpenney is having in stores like the ones you visited can be replicated and whether they have enough capital to get them there, where do you come down on that? many of the people i speak to say it seems to be working,
york and new jersey. are they new stores or old stores? >> the stores we visited the past weekend are the revamped stories. >> yes? >> yes, they are. the stores we visited this weekend are the revamped stores. >> that's a small percentage of the overall store base, crest? so to extrapolate this across jcpenney, it seems on the surface a big assumption. >> that's absolutely true. i was talking to our oppenheimer sales force this morning, talking to clients, that...
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>> he's weekly columnist for "the new york times" and "the huffington post." it depends on the small business. it's funny when people say all small businesses will be affected if the fiscal cliff does hit, but don't forget, there's over 20 million small businesses in this country and it depends what business you're in, where you're located and what business you're in and where your customers are and there are factors when you start to generalize. >> we hear it mostly on the taxation side. if you raise taxes on people who make more than $250,000 don't forget a lot of small businesses file as individuals and make more than $250,000. >> it's absolutely true. i mean, but most small businesses, particularly my readers and the clients that i have, they're bracing for that. it seems an ineshvitablility th there will be increases in capital gains and interest rates and estate taxes next year and that all seems to be on the board. >> health care will get more expensive if they provide it. >> michelle, remember, it's not going cripple many small businesses. it's a deter
>> he's weekly columnist for "the new york times" and "the huffington post." it depends on the small business. it's funny when people say all small businesses will be affected if the fiscal cliff does hit, but don't forget, there's over 20 million small businesses in this country and it depends what business you're in, where you're located and what business you're in and where your customers are and there are factors when you start to generalize. >> we hear it...
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. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. cliff hanger. will we or won't we fall off the edge? only two trading days left to take your positions. block buster returns. his stock is up nearly 90%. michael burns of lionsgate gives us a sneak peak. and technical difficulty. why the charts are flashing warning signs for the with alls in the new year. let's go the traders. so, we ask you, dr. j, buyer or seller, and you're out? >> i'm out of everything. i am neither long nor short right here and the reason is because i think exactly what happened today, we could be sliding hard, mel, and then all of a sudden, a rumor can come out, we see a rally out of the s&p. we saw a 20-handle rally from the time more murph and i were on half time today. this is not something that's going to change, the way that i look at next year, which is that we have a lot of issues facing us right now. not the least of which is the debt ceiling just above us. we hit that monday, i think we might actually be there alread
. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. cliff hanger. will we or won't we fall off the edge? only two trading days left to take your positions. block buster returns. his stock is up nearly 90%. michael burns of lionsgate gives us a sneak peak. and technical difficulty. why the charts are flashing warning signs for the with alls in the new year. let's go the traders. so, we ask you, dr. j, buyer or...
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. >> the front page article on the "new york times" is titled bribery aisle. it's about walmart and the mechanics cal can business that was aggressive and creative and a corrupter offering large payoffs to get what the law otherwise prohibited. the times reports that the retailer wanted to build a store in an alfalfa field in a town's main entrance which was barely a mile from some ancient pyramids. the town's elected leaders had prevented the new zoning map that would have prevented it. walmart officials decided to undo the damage by a well played bribe and the guy drawing the map drew it a little differently. >> that's exactly what happened. they found the old map and the new map. they found a disk in a shoe box showing the differences. it was incredible. >> the zoning map would not become law until it was published in a government newspaper, so walmart reportedly arranged to bribe an official to change the map before it was sent to the newspaper. walmart issued a statement saying the allegations are part of that company's ongoing investigation of the last "
. >> the front page article on the "new york times" is titled bribery aisle. it's about walmart and the mechanics cal can business that was aggressive and creative and a corrupter offering large payoffs to get what the law otherwise prohibited. the times reports that the retailer wanted to build a store in an alfalfa field in a town's main entrance which was barely a mile from some ancient pyramids. the town's elected leaders had prevented the new zoning map that would have...
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and new york down 2%. >> no offense to other shows here at cnbc, but we are the best team by far. that was awesome, guys. that was 16 years ago today. >>> now the fiscal cliff is very real and possibly very expensive overall. will going over it -- i mean just going over the thing -- really destroy consumer spending? let's use some numbers. all right. americans pay an average of $90 a month for their smartphone service. that ipad will set you back $400. yeah, one time but it is $400. get this -- the average car payment in america is now $452 a month. average price, $31,000. the tax hike on most americans if we go over the fiscal cliff and taxes go up across the board, $167 a month. that's about the same as two people's smartphones at home. that's not even a bill they had ten years ago. let's talk more about it. joining us, jared bernstein, senior fellow at the center on budget and policy priorities. nicole wu, director of domestic policy at the center for economic and policy research. jared, i'm not suggesting we go over it but i think you get my point. we spend a lot of money on a
and new york down 2%. >> no offense to other shows here at cnbc, but we are the best team by far. that was awesome, guys. that was 16 years ago today. >>> now the fiscal cliff is very real and possibly very expensive overall. will going over it -- i mean just going over the thing -- really destroy consumer spending? let's use some numbers. all right. americans pay an average of $90 a month for their smartphone service. that ipad will set you back $400. yeah, one time but it is...
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york stock exchange. hi, ty. >> i am the ultimate work in progress. thank you very much. >>> despite the assessment from the speaker of the house on the fiscal cliff, the fact he says there is no progress being made so far, the dow sort of playing past it. right now the industrials up by 46 points at 13,120 and change. apple is part of the nasdaq. apple down $14 a share. another 2.66% today as scott mentioned a moment ago, $50 billion in market value shaved off of apple this week alone. >>> let's begin with those comments just 24 days to go until america confronts the fiscal cliff. house speaker boehner coming out earlier today and saying no progress has been made in the negotiations. our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to comprom
york stock exchange. hi, ty. >> i am the ultimate work in progress. thank you very much. >>> despite the assessment from the speaker of the house on the fiscal cliff, the fact he says there is no progress being made so far, the dow sort of playing past it. right now the industrials up by 46 points at 13,120 and change. apple is part of the nasdaq. apple down $14 a share. another 2.66% today as scott mentioned a moment ago, $50 billion in market value shaved off of apple this week...
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we live in new york city all three of us, we are on the subways in new york, not on the subways in asia where knowing yas and samsungs are much bigger players. >> fair enough. but? for the u.s. carriers. i have seen one nokia lumia on the subway the last three months. >> but here's what a nokia spokesperson had to say ultimate slick, a car years decision on operation, up to at&t and verizon and so on and the spokesperson points out that samsung is doing the same thing. not just us. samsung is doing it, too. good response there. what stock should you be watching when the opening bell rings? get word on the street from a trader and on what to expect. that is next. >>> later, commodities i hating snag the next few months what is ahead for the new year? we are making predictions. take another look at futures as we head into this thursday open. looks like we are a little bit higher, jobless claims did come in better than expected here. the dow looking at 18 at the open. more "squawk on the street," straight ahead. [ male announcer ] this december, remember -- you can stay in and like somethi
we live in new york city all three of us, we are on the subways in new york, not on the subways in asia where knowing yas and samsungs are much bigger players. >> fair enough. but? for the u.s. carriers. i have seen one nokia lumia on the subway the last three months. >> but here's what a nokia spokesperson had to say ultimate slick, a car years decision on operation, up to at&t and verizon and so on and the spokesperson points out that samsung is doing the same thing. not just...
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in other words, as a global guide, there are options to playing this fiscal cliff game here in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue and their economy is tied to china. so if you buy something like ewh, the hong kong etf, all those stocks are priced in hong kong dollars. if the hong kong dollar is repegged, the ewh will go up as much as the repegging. >> what does that mean for the u.s. market? where are you on the u.s. market right now? >> you know, i think right now, probably to the end of year, if we can get some kind of movement on this fiscal cliff, you have a real potential for a pop, 3%, 4%, 5%. unfortunately, as i look to 2013, i'm looking at u.s. austerity. so the question is how much is that going to be, and if it's a lot and the
in other words, as a global guide, there are options to playing this fiscal cliff game here in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue...